₦airaland Forum

Reyus: Hope this will reverse the downward trend of FBN somehow.

Hmmm I don't think so... Even interim dividends did not drive stock prices of banks like GTB and Access let alone FBNH. However, there is a building support at the N16 line so it may bounce back but I think it will still continue its dangling movement. Investors are still on full guard as to the effect of the hike in CRR. For me, na siddon look I dey for banking stocks until Q3 result come out.

Dr_OBD: I want to invest, but don't really understand this treasury bills. Can someone please explain to me how it works. If I invest 500k, what's d profit like?
Thanks

I will advise you read the posts on this thread from page one. It will really help. For calculation example, see post below:

RichYoungRuler: Hi, i guess U meant compound interest.
Lets use N100000 as an example. For 91days tenor at 11% per annum
11% is 11/100 X N100000 =N11000 at d end of a year which is 365days. So per day is
11000/365days.=30.137k per day.
For 91days, your interest will become N30.137k X 91days=N2,742.46k. I hope this helps.

Tassembly: Elar1,feelamong,others,pls calculate this for me or is firstbank trying to scam me again,i did 370,000naira TB for the last bid for 364days at the bank rate but i am sure it will be between 11-13percent. To my surprise today,i was credited with 10,765naira as interest. Is it not suppose to be 40k plus.pls help before i go and vex at their head office,or is it that they do 91days for me intead of 364.

As inze rightly suggested, they must have given you 91 days bills as there was no auction for 364 days. If this is the case then you must divide the interest (annual) by 4 to get quarterly (91 days) interest. So 40k+ divided by 4 equals 10k+. Try and demand for your treasury bill certificate so that you can see the actual tenure and interest rate they gave you.

FBNH declares N46.1b PAT in Q2 '13 result

9free: Oga Elai, abeg help crash the price of this stock to 0.7k so that ur boys go fit see small units buy.

Lolxxx abeg you go wait till next year for that one o... For now I dey push the price of this stock with upward Fire by Fire. So you better join the train now and follow us enjoy or wait.

Transcorp makes full payment for $300m Ughelli power plant
http://www.proshareng.com/news/20797/Transcorp-makes-full-payment-for-300m-Ughelli-power-plant

We are progressing...

Cadbury Nigeria Plc has notified The Nigerian Stock Exchange that it has changed its corporate registrars from Union Registrars Nigeria limited to First Registrars Nigeria Limited.

The change of corporate registrars is effective 12th August 2013

Source: Proshare

Born 2be Rich: Nigeria Stock Exchange:

4. Flour Mills Plc enters into a Technical Agreement with Adecoagro (expect this coy to head northward )
5. Oando reduces debts by N53bn

I am already seeing it in that direction but the problem is that it is currently not easy to get from the market. It is good to see Oando doing something about their debt... All the Oando haters will soon join the train before it becomes too late...

expressdr84: Is it advisable to hold on to AIICO ? Cos I don't. Understand these insurance stocks

I think it is okay to hold. I am holding on to mine pending the release of the Q1 and maybe Q2.

horlla: I hail all the ogas@ the top.I used to have oceanic shares now eco bank but ecobank is not listed in my online portfolio by cscs.any body with similar experience? And what was the sharing ratio of oceanic to ecobank shares.thank u all

ETI share certificates were sent out to Oceanic shareholders. If you have not received yours contact EDC registrars. You will then need to dematerialise and lodge in the share certificate to your CSCS. The ratio was one new ETI share for every 20 Oceanic shares previously held.

Flour Mills Seals Deal with South American Firm
http://www.thisdaylive.com/articles/flour-mills-seals-deal-with-south-american-firm/157023/

Toya_tc: Unfortunately, my bank said that my bid was not successful. They just dey dull my style. I hope it pulls through duirng next auction. @feelamong abeg when be the next auction?

feelamong: No mind dem bankers!Hope u have asked them to place the funds on call!

next Auction is 3rd Sept....Try to fast and pray wella O!

Me I don buy from secondary market o... My bank gave me an offer to buy from the secondary market and I took it (99 days T-bill @ 11.00%). I guess it's not a bad deal...

stockbull: Abc pullback would catch investors unawares as the stock is holding its support pole at this price.
Dont be tempted to buy josbrew,it may be a trap just as champion failed my test,and i've not scrutinize josbrew.remember !!!, you dont buy all stocks that are increasing in price just as you dont buy all flashing things in the market. D igb_ ppl have a way of drawing your attention to market their fake goods to you and if you're not careful,......

Thanks a lot Sir. It is noted.

Born 2be Rich: no mind oga 9free, i remember some mnths back na im dey pray make nem, oando nd some oda stock fall so im go buy more.. Now God don answer e prayers..
Me i wan buy royalex nd nem nxt wk nd i need dem 2fall to N0.5k...i nid flourmills nd oando to fall too.

Abeg no let oga 9free release Fire by Fire for this thread o... For me, na bye bye to insurance sector. Na only AIICO be my hope for that sector now. I enter one chance for MBENEFIT and UNIVERSAL some years ago and up till now I never fit bail out. FLOUR MILL is proving difficult to get. It has gained tremendously in the past 2 days and I don't think I will continue to pursue the stock at current price.

sellydion: Hi my guys, well done for good jobs. I had to empty my portfolio because of a huge investment I needed to make , hence I have been absent from following up the trend. As activities pick up I will be glad to fully return. Keep the good work going.

Happy Investing.

Oga Sellydion welcome back. We really missed you. Even if you have not fully returned to stock investing we still need your wonderful contribution here. Good luck on your new investment.

Theyjih: hi all, must commend the Op @stockbull et al. for this cool initiative.. its quite insightful going forward would be posting a couple of chartsfrom penny stock to large -cap for possible trade setup
DISCLAIMER :- kindly Do Your Due Diligence before humping

1) ABC transport

2013 channel range play 0.52-1.32 .. Bearish in all sense of the word across difff. time frame (monthly, weekly, daily) .. A bearish momentum(mo'mo) play = highly probable for short term traders on the break of the lower channel @0.74k which could flush poorly priced traders to a measured move down to .64-.58 ish. If the lower trendline holds which has been the case all year this year, mid =N=1.00 ish is more likely to be seen through the 4th qtr of this year IMHO

PS:_ the first bid scale is the point i intend getting long nimbling with a tight stop Around .60ish with my second entry if it breaks lower towards the 52 ish.. looking to play both sides

2) 7UP

to b contd.

Thanks a lot for the analysis. Please try and reduce the sizes of subsequent charts for greater legibility.

9free: Any force from anywhere trying to bring down Oando and NEM, Die!! Die!! Die!!!
I still dey mountain top......

Lolxxx. Oga 9free na Mountain of Fire you dey go? This your campaign for NEM and Oando na die o... I dey with you for the Oando sha.

Born 2be Rich: Lol..na for dream i take see am were i take wash my hand commot like pontius pilate so..

Oando sef is on the decline too..waiting for it at the N7.50 junction as usual..

BTW i am beginning to eye some stocks

Lolxxx Oga B2br you don begin dey up your bid for Oando small small. I dey with you for this one but abeg make we leave am for N10. Please tell us the stocks you are eyeing. For me, my stockbroker could not get me Flour Mills yesterday. I really need it in my portfolio.

Born 2be Rich: Nigeria Stock Exchange:

7. ACCESS declares 25kobo dividend in Q2 '13 result

Even as CBN initiates the process of extracting excess cash from the banks, some of them are still paying interim dividends. That's a way of telling investors to fear not... I hail them

Toya_tc: @Elai147
This is not a good news at all ooo. I was hoping for that 11.5%. I am yet to hear from my bank, i hope they did my bidding.

I was hoping for the same rate too o... Well let's wait for news on the complete stop rate. Let us know if you have any news from your bank.

gosj: Of recent, Transcorp has been on a steady loss! Plz pals in the house, any known reason for this negative trend? Thanks!

I think stock prices are responding to the recent hike in CRR. CRR changes the market in general and not just the banking sector. Even other sectors may not get the types of loan they usually get from banks. The increased CRR drains excess cash from circulation and when this happens money is indirectly pumped out of the stock market. The only benefit I see is in the money market (treasury bills and others). But the money market and the stock market are inversely related- when one gains the other loses. When investors start making money in the money market investors will migrate their money from the stock market. However, when this happens opportunity will come for those who have money to buy into stocks and wait for long term reward. So nothing spoil... This is just my opinion.

jp130: most questions r being askd atyms bt no reply. Plz mak una de try ansa son questions even if na brief. Abeg cn e-dividend mandate form b posted tru post office cos ma stock broker want charge me 1k for each. I dnt av dat kind of moni 4 him

It is not compulsory that the forms must go through your stockbroker. You can download the required E-mandate forms, fill in your information and take them to your bank to sign and stamp (this is usually free with most banks). Once your bank has endorsed the forms, you can then post to the various registrars. It is that simple and you don't have to spend money apart from postage fee.

Chai... I didn't win my bid @ 11.50%. I have just been informed that today's stop rate for 91-days T-bill is 11.0940% but don't know how true....Will now consider buying from the secondary market. Has anyone got the rate breakdown for today's auction?

ACCESS declares 25kobo dividend in Q2 '13 result

denicegq86: how do i do that please do you have their contact details?

Email: lagos@cashcraft.com
Tel: 01-2701678 or 01-2701679

Good luck.

So-brit:
Why is it that at close of trade each day, there is always discrepancies in the price updates in the cscs website, easykobo and cashcraft sites?

I don't trust CSCS website at all.

denicegq86: i do have an account with cashcraft but it has been long please any idea on how i can reactivate it?

Contact Cashcraft.

Cashcraft is simply the best. They are quick in updating daily stock movement and their stock data are usually correct. The only thing the website lack is stock chart but they still the best...

Na wa for this JOSBREW rocket movement o... Is this another CHAMPION

Please Sirs, any news on when FLOUR MILLS will be marked down for the N2.00 dividend? The closure date was supposed to be yesterday.

[quote author=ihedioramma][/quote]@ihedioramma, CRR is the amount of money that banks have to keep with CBN as cash. CBN has increased it from 12% to 50% because there is too much liquidity in the banking industry. For example, if a bank’s deposit is N100 the bank will have to hold N50 with CBN as cash and will only be able to use the remaining N50 for investments and lending. So generally it means banks will have less funds available to them and therefore the money in circulation is reduced. This is my layman understanding of it... Someone should correct me if I'm wrong.

Seun: When is the next one?

The next auction should be tomorrow 21 August, 2013.

First Registrars introduces dividend prepaid card for customers

FIRST Registrars Nigeria Limited has launched a new dividend card for its customers, called ‘FirstDividend Plus Prepaid Card’, which is aimed at reducing the problem of unclaimed dividends in the Nigerian Capital Market.

The card, being the first ever dividend card in the market, is a premium-prepaid card issued to shareholders, in which dividend amounts due to them are automatically loaded or credited on the payable date.

According to First Registrars, shareholders can also load additional money into their card for future transactions and safekeeping, stressing that, “no more unclaimed dividends as you can now claim all your dividends right away without a bank account. It is our commitment to reducing unclaimed dividends”.

See more: http://www.ngrguardiannews.com/capital-markets/130335-first-registrars-introduces-dividend-prepaid-card-for-customers